Montgomery County, Tennessee

Income Data

+23% vs. Tennessee average
$72,365
Median Household Income
$33,645
Per Capita Income

At a Glance

Median Household Income
$72,365
+23% vs. state avg
Per Capita Income
$33,645
-15% vs. national
Income-to-Housing Ratio
29.1%
income as % of home value
Rank in Tennessee
#14 / 95
by median household income

How Montgomery County Compares

Montgomery County$72,365
Tennessee Average$58,994
National Median$74,755

Detailed Income Statistics

$72,365
Median Household Income
$33,645
Per Capita Income
$248,300
Median Home Value
29.1%
Income-to-Housing Ratio

Data Story

About Household Income in Montgomery County, Tennessee

Montgomery County approaches the national income median

Montgomery County's median household income of $72,365 falls just $2,390 short of the national median of $74,755, positioning it in the solid middle-income category. Per capita income of $33,645 exceeds the state average of $31,458 by 7%, indicating above-average earning power across the community.

Top earner among Tennessee sample counties

Montgomery County earns $13,371 more per household than the Tennessee state average of $58,994, ranking it among the state's highest-income communities. This 23% advantage reflects strong employment opportunities and a skilled workforce base.

Second-strongest income in the region

Montgomery County's $72,365 income trails only Maury County ($74,162) in the region and outpaces Marshall County ($70,829) slightly. The county is part of a cluster of four high-income communities (Maury, Marshall, Montgomery) separated from lower-income counties by $15,000+ in median income.

Housing costs stretch budgets here

Montgomery County's rent-to-income ratio of 20.2% puts housing costs at the higher end of the acceptable range, signaling budget pressure for median-income households. A median home value of $248,300 requires substantial savings or dual incomes to achieve homeownership at the county median.

Optimize homeownership and investment timing

Montgomery County's strong incomes paired with elevated housing costs create urgency around homeownership timing and investment strategy. Lock in current property values through strategic home purchases, maximize retirement contributions, and consider diversified investments to protect gains as housing costs potentially rise.

Frequently Asked Questions

What is the median household income in Montgomery County, Tennessee?
The median household income in Montgomery County, Tennessee is $72,365, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Montgomery County?
The per capita income in Montgomery County is $33,645, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $72,365.
How does Montgomery County compare to the Tennessee average?
Montgomery County's median household income of $72,365 is higher than the Tennessee state average of $58,994. The per capita income is $33,645, compared to the state average of $31,458.
What is the per capita income in Montgomery County, Tennessee?
The per capita income in Montgomery County, Tennessee is $33,645, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Montgomery County income higher than the Tennessee average?
Montgomery County's median household income of $72,365 is higher than the Tennessee average of $58,994. This difference of $13,371 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Montgomery County rank for income in Tennessee?
Montgomery County ranks #14 out of 95 counties in Tennessee by median household income (1 = highest). With a median household income of $72,365 and per capita income of $33,645, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Montgomery County

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Your income is above the Montgomery County median

County median: $72,365 per year

vs. County Median

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vs. State Average

+23%

vs. National Median

-3%

vs. Montgomery County MedianAbout equal
vs. Tennessee Average23% above
vs. National Median3% below

Income Adequacy

Monthly income covers median rent4.9x

Your monthly income ($6,030) vs. median rent ($1,219/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.